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Microsoft Shares Poised for Record High After Q3 Blowout as Cloud Outlook Shines
Microsoft shares are set to open at a record high Thursday after the iconic cloud computing group blasted Wall Street forecasts in its third quarter earnings report and predicted further growth in the months ahead.
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Microsoft said earnings for the three months ending in March, the company's fiscal third quarter, rose 20% from last year to $1.14 per share, well ahead of the Street consensus of $1.00, as gross profit margins in it commercial cloud business hit a staggering 63%. Group revenues rose 14% to $30.2 billion, Microsoft said, with each of its business units reporting year-on-year gains.
Intelligent Cloud revenue, which includes its Azure offering, rose 22% to $9.7 billion, a figure the company said could rise past $11 billion over the three months ending in June.
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https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: MSFTc1dl0658.png]](https://finviz.com/publish/042519/MSFTc1dl0658.png)
Microsoft shares are set to open at a record high Thursday after the iconic cloud computing group blasted Wall Street forecasts in its third quarter earnings report and predicted further growth in the months ahead.
...
Microsoft said earnings for the three months ending in March, the company's fiscal third quarter, rose 20% from last year to $1.14 per share, well ahead of the Street consensus of $1.00, as gross profit margins in it commercial cloud business hit a staggering 63%. Group revenues rose 14% to $30.2 billion, Microsoft said, with each of its business units reporting year-on-year gains.
Intelligent Cloud revenue, which includes its Azure offering, rose 22% to $9.7 billion, a figure the company said could rise past $11 billion over the three months ending in June.
...
https://www.thestreet.com/investing/earn...yptr=yahoo
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